The Monetary-Unit Assumption Refers to ________

question 156

Multiple Choice

The monetary-unit assumption refers to ________.

• A)measuring financial statement items at their cost at the time of the transaction
• B)an assumption that a company will continue to be in business in the future
• C)the use of monetary units,such as dollars,to measure the value of financial statement amounts
• D)the way revenues and expenses are recognized

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Definitions:

Advertising-Based

A business model or strategy that relies primarily on advertising revenue to sustain its operations and profit margins.

Internet Business Model

A strategy for generating revenue and delivering products or services over the internet.

Google

A global technology company best known for its search engine, but also offering a wide range of Internet-related services and products.

Strategic Emphasis

Refers to an organization's focus on key areas that are deemed crucial for achieving its long-term goals and objectives.